Christie's Fine Art Storage and Security (CFASS)
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VAT (Value Added Tax) Exemption

Clients using CFASS as an interim storage place for items originating from outside of the European Union en route to a location outside of the EU are exempt from paying VAT (currently at 5%).

For example, an object worth £10,000 travels from New York to the U.K., to be re-exported to a client in Switzerland, ordinarily would be subject to a further taxation payment of £500. However, items specifically placed with CFASS on import are exempt from VAT.

It is worth bearing in mind that our charges for single-item storage attract VAT, whereas our charges for renting an entire unit do not.